Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
China's economy stabilized as industrial profits grew by 10% in January-February

China's economy stabilized as industrial profits grew by 10% in January-February

Posted on April 1, 2024   |  

China's industrial sector witnessed a significant 10.2% profit surge in the first two months of 2024, indicating a strengthening economic recovery.

Following a 2.3% profit decline throughout 2023, industrial profits in China rose by 10.2% compared to the same period last year.

Despite the industrial sector's robust performance, the property market continues to face challenges, reflecting a nuanced economic rebound.

Deputy central bank officials have assured markets of available policy options, including potential cuts in banks' reserve requirement ratios (RRR), to address ongoing economic vulnerabilities.

State-owned companies experienced a modest 0.5% increase in earnings during January-February, while foreign firms saw a notable 31.2% gain, and private-sector entities recorded a solid 12.7% rise.

Amidst mixed economic signals, China's industrial sector remains a bright spot, contributing to the overall momentum of the country's economic recovery.



Previous Next